GM Cancels Private Jet Leases

Fox News is reporting that GM is canceling the leases for two of their five private jets after the debacle the executives created with their use of a private jet with hand out asking, in fact begging for taxpayer money.

They claim the move is to "cut costs", which if that were the case, they should cancel all five leases; when you are raiding the US Treasury for a bailout package and expecting the taxpayer to pay for it, you have an obligation to cut costs everywhere you can.

I still say Congress needs to use my bailout plan as a blueprint, actually they need to use it in its entirety and with no changes. The auto industry needs to make some fundamental changes, which must include employees paying a fair share of their health insurance, the end of executive perks, and the elimination of a defined benefit pension plan.

Those need to be DOA in Washington, but with the Democrats running the show do not hold your breath.